TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

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Tirupathi Urban Development Authority Instalment No. Milestone Percentage of Development Fee 1 Before or on the date of execution of Development Agreement 20% 2 Within 180 days of execution of Development Agreement 80% b. We confirm that we shall make the payment of the Advance Fee of Rs 5 crores (Rs 5,00,00,000/-) to Tirupati Urban Development Authority. The Advance Fee payable to TUDA shall be set off against revenue share payable to TUDA as per terms specified in the RFP. The Advance Fee shall be payable as per the following schedule: Instalment No. Milestone Percentage of Advance Fee 1 Before or on the date of execution of Development Agreement 20% 2 Within 180 days of execution of Development Agreement 80% c. We have examined in detail and have understood the terms and conditions stipulated in the RFP Document issued by TUDA and in any subsequent communication sent by TUDA. We agree and undertake to abide by all these terms and conditions. Our Commercial Offer is consistent with all the requirements of submission as stated in the RFP or in any of the subsequent communications from TUDA. d. We have made our Commercial Offer after surveying the land and infrastructure facilities at the [________] site to our satisfaction and are aware of the condition of the said land and the infrastructure facilities and thus have indemnified the Tirupati Urban Development Authority against any liability that may arise in the future for the same. For avoidance of doubt, it is clarified that the Tirupati Urban Development Authority shall have no liability towards any claims by the Selected Developer with regards to the condition of the land and infrastructure facilities at the [_________] site. e. Notwithstanding any qualifications of conditions, whether implied or otherwise, contained in our proposal we hereby represent and confirm that our proposal is unqualified and unconditional in all respects and we agree to the terms of the proposed Development Agreement, a draft of which also forms a part of the RFP provided to us. f. We confirm that our Bid is valid for a period of time of 280 days from ______________ (Bid Due Date). g. We also understand that the final selection is solely based on the Commercial Offer and as such our offer shall be incorporated without any changes whatsoever in the Development Agreement to be signed between Tirupati Urban Development Authority and the Project Company. For and on behalf of : Signature : Name of the Person : Designation : (Authorised Representative and Signatory) Request For Proposal Development of Integrated Tourism Temple Township on Public Private Partnership Basis 67
Tirupathi Urban Development Authority EXHIBIT 11 SITE MAP Request For Proposal Development of Integrated Tourism Temple Township on Public Private Partnership Basis 68
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TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

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